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83% of polled organizations had standalone cyber insurance policies: 2017 RIMS Cyber Survey

August 24, 2017 by Canadian Underwriter

Organizations with standalone cyber insurance policies increased three points from 2016 to 83%, according to the 2017 RIMS Cyber Survey. “Risk professionals’ continued to show confidence in standalone cyber insurance policies as the number of practitioners who purchased the coverage

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RIMS calls for reauthorization of National Flood Insurance Program, warns of consequences of expiration

August 16, 2017 by Canadian Underwriter

RIMS, the risk management society, is calling on its U.S. membership of risk management and insurance professionals to support its push for the reauthorization of the National Flood Insurance Program (NFIP). “The program’s expiration on September 30, 2017 would leave

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ORIMS Golf Tournament, June 20, 2017

June 20, 2017 by Canadian Underwriter

Persistence paid off for the 288 contestants of ORIMS’ annual Golf Tournament, who enjoyed a few holes in the sunshine after a soggy start to the day’s round. Held June 20th at the Deer Creek Golf and Banquet Facility in

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Confusion, frustration common to BI claims can be lessened: RIMS survey

April 26, 2017 Angela Stelmakowich

PHILADELPHIA – Quantifying business interruption losses continues to be a big challenge, reported by almost six in 10 RIMS members taking part in a recent survey, but a well-conceived approach by risk managers can help to clear any hurdles. “By

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Known, hidden risks in supply chains demand an overall strategy for evaluating and mitigating risk: QBE

April 26, 2017 Angela Stelmakowich

PHILADELPHIA – The multitude and variety of risks are becoming more predictable, indicating multinational and domestic companies can benefit from taking a look at how global interdependence affects each link of their supply chain, says Jamie Luce, senior vice president,

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Common language holds promise of advancing risk management efforts: Seaman

April 24, 2017 Angela Stelmakowich

PHILADELPHIA – Risk managers are developing a language that translates worldwide, an advance that bodes well for both the profession and the organizations risk professionals are serving, RIMS president Nowell Seaman suggested during the opening session of the RIMS 2017

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Investments to fight cyber breaches must include technology, people and risk transfer: WTW cyber head

April 24, 2017 Angela Stelmakowich

PHILADELPHIA – Considering human risk is essential when determining how best to combat data breaches and associated costs, but the human element is routinely overshadowed by technology in organizational efforts to bolster cyber security, says Anthony Dagostino, global head of

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RIMS supports charity in its fight against childhood cancer

April 23, 2017 Angela Stelmakowich

PHILADELPHIA – RIMS, the risk management society, has announced that Alex’s Lemonade Stand Foundation (ALSF) is the beneficiary of the society’s 2017 Community Service Day Project, sponsored by ESIS. The project, which this year focuses on combating childhood cancer, is

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Crawford & Company reception, RIMS Annual Conference and Exhibition, April 22, 2017

April 22, 2017 by Canadian Underwriter

Canadian Underwriter was privileged to attend numerous other RIMS-associated functions, including a pre-conference cocktail reception presented by Crawford & Company at Philly’s Brick and Mortar gastropub on April 22.

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Organizations considering standalone cyber coverage should evaluate risk profile to see if traditional policies are adequate: RIMS

March 24, 2017 by Canadian Underwriter

Organizations considering standalone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage, suggests a newly released report from RIMS, the risk management society. The report, authored by Teri Cotton Santos, a member

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To the Letter

March 1, 2017 Steve Pottle, Treasurer, RIMS 2017 Board of Directors; and Director, Risk Management Services, York University

Risk professionals, likely the point persons on all things insurance, should have a solid grasp of reservation of rights letters to ensure that their organizations realize the full value of their insurance policies. Careful review of such letters is essential to avoid potentially costly and serious legal consequences.

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Deconstructing Risk

March 1, 2017 Greg Meckbach, Associate Editor

Risk management is really about applying common sense, suggests RIMS Canada Council chair Ren Lips, who has spent most of her career in risk and insurance within construction.